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- Ελληνικά
Following reports, the Department of the Registrar of Companies and Intellectual Property (TEEEDI) informs that Law 188(I)/2007 on the Prevention and Combating of Money Laundering, as amended, which regulates the establishment of the Register of Beneficial Owners to be kept by TEIDI as well as the amount of fines to be imposed on non-compliant persons, was passed by the Chamber of Deputies and entered into force on 23/2/2021.
TEIDI, through its Announcements, has repeatedly informed the public and stakeholders on the implementation of the legislation as well as on Instructions issued by it, which regulate the details of the operation of the Register of Beneficial Owners and the imposition of fines, always based on Law 188(I)/2007.
For the purposes of a smooth transition from the interim to the final solution of the electronic Register of Beneficial Owners, which became effective on 14/11/2023 and of which the operators were informed by means of Notices issued by the TECI, it was decided to grant an extension to the majority of the number of affected companies (around 190.000) that had complied with the Interim Resolution and the Beneficial Owners were becoming natural persons, until 29 February 2024 (instead of 31 December 2023) to make a confirmation/re-registration. For a number (around 5,000) of affected companies (trusts, foundations, other legal arrangements) it was not legally feasible to grant the extension. The extension was regulated by the adoption of the Directive C.I.P. 401/2023 on 15/12/2023, followed by a Communication of TEHRC dated 20/12/2023.
After the implementation of the Directive on 1/1/2024, a letter was sent to TEHRC by the entities, in which they expressed their dissatisfaction with the way the Directive was implemented and submitted suggestions.
The Department of the Registrar of Companies and Intellectual Property, taking into account the suggestions of the stakeholders, took the following actions:
[*]whether it is legally possible to grant an extension also to the companies that were excluded from the extension (trusts, foundations, other legal arrangements), and [*]whether the financial charges already imposed and paid by the companies in question can be refunded in the context of a revocation of an administrative act.
[*]Instructions were given to the company that developed the electronic system of the Beneficial Owners Register to allow each company, as well as its officers, to enter the details of the Beneficial Owners in the Register without the immediate payment of the monetary charge at that time being a prerequisite. This facility will be implemented today.
(MS/EATH)
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